AGCO Corp. (AGCO) Set to Announce Earnings on Tuesday
AGCO Corp. (NASDAQ:AGCO) will post its Q313 quarterly earnings results on Tuesday, October 29th. Analysts expect AGCO Corp. to post earnings of $1.27 per share and revenue of $2.52 billion for the quarter. AGCO Corp. has set its FY13 guidance at $6.00 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
AGCO Corp. (NASDAQ:AGCO) last announced its earnings results on Wednesday, July 31st. The company reported $2.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.80 by $0.35. The company had revenue of $3.00 million for the quarter, compared to the consensus estimate of $2.83 million. During the same quarter in the prior year, the company posted $2.08 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts expect AGCO Corp. to post $6.10 EPS for the current fiscal year and $6.12 EPS for the next fiscal year.
Shares of AGCO Corp. (NASDAQ:AGCO) opened at 63.33 on Monday. AGCO Corp. has a 1-year low of $41.17 and a 1-year high of $59.83. The stock’s 50-day moving average is $57.11 and its 200-day moving average is $53.93. The company has a market cap of $6.165 billion and a P/E ratio of 11.99.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, November 13th.
A number of research firms have recently commented on AGCO. Analysts at Morgan Stanley initiated coverage on shares of AGCO Corp. in a research note to investors on Thursday, September 5th. They set an “overweight” rating and a $73.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of AGCO Corp. from $59.00 to $65.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AGCO Corp. in a research note to investors on Friday, August 2nd. They now have a $60.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. AGCO Corp. presently has a consensus rating of “Hold” and an average target price of $64.56.
In other AGCO Corp. news, VP David Caplan sold 2,606 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $62.42, for a total value of $162,666.52. Following the completion of the transaction, the vice president now directly owns 10,421 shares of the company’s stock, valued at approximately $650,479. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AGCO Corporation (NASDAQ:AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.